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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With ChargePoint Stock Today?

Eldorado,,Ks,,Usa,-,Dec,26,,2020:,Chargepoint,Commercial,Dual

ChargePoint Holdings Inc (NYSE:CHPT) shares are moving lower Monday after the company announced a 1-for-20 reverse stock split.

What Happened: ChargePoint on Monday implemented a reverse stock split of its common stock on a 1-for-20 basis aimed at increasing the company’s stock price in order to comply with rules for continued listing on the New York Stock Exchange.

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